Intersil says profit rises, ups 2002 guidance Wednesday April 24, 4:20 PM EDT IRVINE, Calif., April 24 (Reuters) - Microchip maker Intersil Corp.(ISIL) said on Wednesday profit rose in its first quarter from a year earlier, and said it expected results for the year to beat Wall Street estimates because of strong demand for its chips, used for wireless communications and power management.Irvine, California-based Intersil said its profit for the quarter ended Mar. 29 rose to $13.8 million, or 13 cents per share, from $8.1 million, or 7 cents per share, a year earlier.Excluding the amortization of intangible assets, Intersil reported a profit of $15.4 million, or 14 cents per share, compared with an estimate of brokers from Thomson Financial/First Call of 13 cents per share.For the second quarter the company said it expects per-share earnings of 15 cents with quarter-over-quarter revenue growth of 6 percent to 8 percent. For the year it sees earnings per share of 65 cents to 67 cents and revenue of $580 million to $590 million.The First Call estimate for the second quarter had been for 15 cents, and for the year the estimate had been 63 cents. ©2002 Reuters Limited.
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